Hong Kong's new giants

Chapter 60 [Real Estate Warming]

Construction of Taikoo Shing began in 1975 and was divided into ten phases in total, which were largely completed in 1985.

Phases 30 to 32 of Taikoo Shing are diamond-shaped buildings with a height of [-] to [-] floors, overlooking the harbor, so they are called Seaview Gardens.

Lin Zuhui stayed at Guan Jiahui's new home last night - Phase [-] of Taikoo Shing. He didn't come to stay at her house every night. He only came to her house when he needed to work hard. own home.

"You might as well move here, since you are renting a house anyway! How about it, my big chairman!" Guan Jiahui said coquettishly, holding Lin Zuhui's arm.

Lin Zuhui said righteously: "No! I am a man, how can I live in a woman's house!"

"Cut! What's the difference between the frequency of your coming here and living here, you want to save face! Besides, didn't you help me earn these houses!"

Lin Zuhui ignored her, he still wanted to date other women, how could he live here every day.

"By the way, how about the crew? If someone bullies you, just tell me and help you get revenge!" Lin Zuhui changed the topic.

Guan Jiahui is currently filming "Summer Lucky Star", which is a comedy starring Hong Fatzi, Fang Shilong and others.

"Then you go to visit the class!" Guan Jiahui immediately said with hope.

Of course she wants to make this relationship public, what a prestige, the youngest chairman of a listed company in Xiangjiang and a publishing tycoon.

This... Lin Zuhui was a little hesitant. He was actually not afraid of anything else, but he was afraid that having a girlfriend in the future would make it difficult to pick up girls, especially since he was planning to pick up Wang Zuxian now.

But seeing Guan Jiahui's big watery eyes, he agreed in a strange way, which immediately made Guan Jiahui very happy.

I can't die, I have my own way!
Since Lin Zuhui took over New Era Real Estate, the stock of New Era Real Estate has not risen but has fallen. At the lowest point, it was only 0.25 Hong Kong dollars per share, and the total market value was only 5000 million.

The 20-year-old chairman is obviously unconvincing, but it doesn't matter. Lin Zuhui has recently strengthened his control over the company and negotiated with major lending banks and creditors. Finally, he has gained a lot.

First of all, Lin Zuhui is familiar with the business of New Era Real Estate. He has already memorized every project of the rent collection business and the development site.

Secondly, Lin Zuhui taught all the management to obey. He is the absolute major shareholder, and the second shareholder's shareholding is less than 10%.

In the end, all major banks expressed their support for New Era Real Estate's asset restructuring plan, extended the repayment date, and provided an interest-free period of one to three months.

It doesn't matter if it falls briefly, once the company gets out of the liquidation crisis, it will skyrocket.

On April 4, the Hong Kong government auction house.

Today, the Hong Kong government will launch the "Admiralty King" for auction, with a reserve price of 5 million yuan.Although New Era Real Estate could not afford it, it did not prevent Lin Zuhui from walking into the auction to visit this grand event.

In fact, this piece of land was launched in November 1982. At that time, the real estate market was quiet, and only three consortiums entered the bid; Cheung Kong offered 11 million and New World Development 6 million; take back.

As the Hong Kong government, it is natural to hope that the real estate market will be good. After all, real estate is the main source of financial revenue; so this time, the Hong Kong government hopes to swear that the real estate has come out of the trough by auctioning the "Admiralty King".

More than 700 people participated in this land auction, including high-level executives of major real estate companies in Hong Kong, important officials of major banks, and reporters stationed in Hong Kong from major news agencies around the world; ), Zheng Yutong, Lee Shau Kee, Chen Zengxi, Wang Dehui and other real estate tycoons, the spectacle of the scene is really rare.

Lin Zuhui and Wang Qilin met and walked into the auction house together. Now that he is the chairman of a listed company, he is naturally qualified to know more bigwigs. Of course, it all depends on Wang Qilin's connections.

Wang Qilin brought Lin Zuhui to Li Zhaoji, and the two were still acquainted.

"Brother Li, let me introduce you. This is Lin Zuhui, the chairman of New Era Real Estate, and he is one of my juniors!"

Li Zhaoji was surprised and said: "I know Lin Sheng, a publishing tycoon and the newly promoted youngest chairman of a listed company. It's a pleasure to meet me!"

There is no affectation between the words, and there is no suspicion of bullying the small, but the tone is very optimistic!
Among the four major families, Li Zhaoji did not launch an active acquisition war, because he felt that the seizing company seemed to be doing evil; his later subsidiaries such as China Coal and Miramar had very clean backgrounds, and they were all invited by others to enter the market.

Of course, he is not Lin Zuhui's template. Lin Zuhui will definitely initiate some acquisitions, otherwise it will not develop at all.

"Mr. Li has won the award. I am still a primary school student in real estate. Come here to admire the demeanor of the seniors!"

After chatting for a few words, Wang Qilin took Lin Zuhui to continue getting to know real estate bosses. He entered the real estate industry in the 60s, and he basically knew all the bosses in Xiangjiang.Moreover, although Wang Qilin's previous real estate company was not listed, it almost stepped into the medium-sized real estate industry, and became a billionaire with assets of more than one billion.

This auction was very exciting. The fierce bidding, as well as the large number of bids and the length of time it took, were all 'unprecedented' in the auction of Xiangjiang Real Estate.

When the price was close to [-] million, the auctioneer even dropped the hammer off the table unconsciously, which caused the audience to be stunned and became an episode.

When the price was close to [-] million, the audience stood up and burst into warm applause, announcing the official end of the real estate recession that had lasted for several years.

In the end, it was still Swire Properties' strong fortune that won the "Admiralty Land King" covering an area of ​​7.03 square feet at a price of HK$11.5 million.

This piece of land was the first phase of the famous Taikoo Plaza. Lin Zuhui seems to remember that in 1986, in the adjacent area of ​​this piece of land, the Hong Kong government offered another piece of land for auction, but it was still won by Swire Properties.The two pieces of land have a total of 29 square feet. Later, a four-story podium building (the shopping mall part) and four super buildings (including two office buildings, three first-class hotels, luxury apartments and serviced hotel residences) were built. The total The rental area is 500 million square feet.

If Lin Zuhui came to this era five years in advance, he would hold this piece of land in his arms no matter what, it would be a proper family heirloom.

But now, he can only drool!
Even a real estate developer worth more than one billion yuan like Wang Qilin is not qualified, because the land plus subsequent construction costs will require an investment of at least 50 billion Hong Kong dollars.

Only large real estate developers have this strength!
Walking out of the auction house, Wang Qilin patted Lin Zuhui on the shoulder and said, "How is it? Is it a big feeling?"

Lin Zuhui said confidently: "Very good, sooner or later I want a skyscraper!"

"You boy, I thought you were hit!"

How is it possible, there are still a lot of high-quality assets and land waiting for me to acquire and win in the future, how can I lack confidence!

Although I started a bit late, if I can get a lot of funds in the financial market, I can quickly make up the gap between myself and the top ten chaebols.

(End of this chapter)